VIB Vermögen AG: VIB Vermögen AG strengthens portfolio with further investments

Expansion of logistics and retail portfolio/Investment volume: ca. EUR 27.4 m

Neuburg/Danube (pta006/09.12.2013/07:30 UTC+1) December 9, 2013 - VIB Vermögen AG, a company specialising in commercial real estate portfolio management, continues to add growth-sector investments to its real estate portfolio: the company has deployed some of the proceeds from the mandatory convertible bond issue to buy a logistics property in Uffenheim, in Germany's Middle Franconia region. The property, which is located directly on Germany's autobahn 7 highway, comprises an investment volume of around EUR 22.1 million and a rentable space of 26,854 m2. The rental agreement that runs until June 2025 caters for predictable income and a pleasing rental yield of 7.9 %. The portfolio is further strengthened by a tenant with a high credit rating in the shape of Distriparts Deutschland GmbH, which, as a subsidiary of Simon Hegele GmbH, Karlsruhe, provides pan-European replacement parts supplies for Sweden's Electrolux Group.

In addition, VIB Vermögen AG has acquired a specialty shopping centre with a rentable space of 3,495 m2 in Kulmbach, in Upper Franconia. This retail property also generates an attractive 7.5 % rental return on an approximately EUR 5.2 million investment volume. Here, too, the company prioritised long-term rental: the rental agreements - including with Europe's leading specialist electronics retailer Media Markt - extend up to October 2022 and September 2024 respectively, with subsequent extension options. This investment has further strengthened the portfolio, including with regard to the second growth sector - retailing.

Peter Schropp, VIB Vermögen AG Managing Board member responsible for the real estate segment, emphasises the business model's sustainability: "As announced, we have already directly invested some of the proceeds from our recent mandatory convertible bond issue into high-yielding properties in the promising future sectors of logistics and retail. The very attractive rental returns on the properties that we have acquired show that we are able to realise interesting purchases, also in today's environment of contracting purchase yields."

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Donau
Phone: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
Email: petra.riechert@vib-ag.de

cometis AG
Ulrich Wiehle / Patrick Ortner
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611 205855-16
Fax: +49 (0)611 205855-66
Email: ortner@cometis.de

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG is a medium-sized real estate holding company whose investments focus on commercial properties in Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was transformed to become a German public limited company (Aktiengesellschaft) in 2000. The company acts successful on the market for 20 years now. Since then, the company has been developing its core competencies in the acquisition and management of its own properties, and of participating interests in companies with real estate portfolios.
VIB Vermögen AG pursues a "develop-or-buy-and-hold" strategy. Next to the acquiring of existing real estate for the own portfolio both, project development and conception of properties are in the main focus. The VIB Group's real estate portfolio includes logistics properties, industrial plants, shopping centres and retail parks, and commercial and service centres.

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Emitter:	VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg an der Donau Germany
Contact Person:	Petra Riechert
Phone:	+49 8431 504-952
E-Mail:	petra.riechert@vib-ag.de
Website:	www.vib-ag.de
ISIN(s):	DE0002457512 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart